Accounting

Page: 1 2 Page 1 of 1 metre Remaining: 1. (TCO A) Listed below are some selective information characteristics and chronicle normals and arrogances. Match the letter of individu all(prenominal)y with the confiscate phrase that states its application. (Points: 30) co-ordinated: Answer Potential Matches: : Consistency characteristic 1: insertion of error-free information with representational faithfulness. 2: Money is the park denominator of stintingal activity and provides an appropriate basis for accounting amount and analysis. 3: Business enterprise assumed to have a considerable life. 4: Application of the same accounting doctrines as in the preceding year. 5: Valuing assets at amounts originally remunerative for them. 6: Implies that a company can divide its economic activities into slushy time periods. 7: Notes as part of requirement information to a fair presentation. 8: Affairs of the production line high-minded from those of its owners. 9: Economic activity can be determine with a particular unit of measurement of accountability. 10: salary serve completed and realized or realizable.

: Historical represent principle : Going concern principle : Periodicity confidence : dependability characteristic : Economic entity assumption : Monetary unit assumption : Revenue recognition principle : Full disclosure princi ple : Economic entity as! sumption 2. (TCO B) Adjusting Entries: Unearned rent at 1/1/10 was $10,300 and at 12/31/10 was $6,000. The records indicate cash receipts from rental sources during 2010 amounted to $50,000, all of which was ascribe to the Unearned Rent Account. You are to prepare the missing adjusting entry. For each journal entry write Dr for debit and Cr for credit. (Points: 10) 3. (TCO B) Adjusting Entries: information relating to the balances of various accounts...If you want to get a secure essay, fix it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper